Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
CBDT’s Circular 9/2025 is a welcome, taxpayer-friendly move, but with riders attached. The relief from higher TDS/TCS is only available if ...
Wednesday, July 23, 2025
Tag: lower tax rate
Procedure, format and standard for filing an application for lower deduction of TDS by deductee u/s 197 [Read notification]
For making an application in Form 13 with Annexure II the tax-payer/Deductee shall login into the TRACES website (www.tdscpc.gov.in), for ...
Comparison between Section 115BAC before and after AY 2024-25
Section 115BAC deals with lower/ concessional tax rates for individual, HUF etc. rather than the tax rates prescribed for individual ...
Form 10-IC now enabled for AY 2020-21 as per condonation under circular 6 of 2022
The two conditions required while filing Form 10-IC for AY 2020-21 are as under: The return for AY 2020-21 for ...
Intimation issued u/s 143(1) of the Act for AY 2020-21 does not allow depreciation on adjustment of WDV due to additional depreciation to companies opting for section 115BAA
To resolve the issue Income Tax department should take an initiative, issue a circular, reprocess all the returns and provide ...
[Breaking news] CBDT has allowed Condonation in filing of Form 10-IC for section 115BAA for Assessment Year 2020-21
Hence, the extended due date for filing Form 10-IC is 30.06.2022, however it is important to note that as of ...
Form 10-IC not filed in AY 2020-21 before filing of Income tax return by companies and demand raised in intimation order
Further, it has been seen that in case where companies had opted for lower tax rate under section 115BAA, then ...
Form 10-IC needs to be filed every-year for taking benefit of lower tax rate in case of companies under section 115BAA?
3. Do I need to file the form again for the next assessment year? No. If you have opted for ...
Donation by companies to PM cares fund tax deductible? Major amendment by Finance Bill, 2020 to section 115BAA and 115BAB
Section 115BAA and 115BAB to provide corporate tax rate relief to new manufacturing companies and existing companies. At the time ...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
- Default under TDS for 20% TDS or short deduction? Here is a relief from non-linking of Aadhar-PAN
- Received Notice Under Section 143(2) of Income Tax Act? Here’s Why You Got It and How to Tackle It Effectively?
- Statutory Compliance Calendar for June 2025 | Income tax, GST and various other laws
- Statutory Compliance Calendar for May 2025 | Income tax, GST and various other laws
- ITAT Mumbai: Capital Gains on Indian Mutual Funds Not Taxable in India for Non-Residents under DTAA [Case law]
- Statutory Compliance Calendar for April 2025 | Income tax, GST and various other laws
- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
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